TELUS (NYSE:TU) Downgraded to "Hold" Rating by Cormark

TELUS (NYSE:TU - Get Free Report) TSE: T was downgraded by stock analysts at Cormark from a "moderate buy" rating to a "hold" rating in a research note issued to investors on Tuesday,Zacks.com reports. Cormark also issued estimates for TELUS's FY2025 earnings at $0.69 EPS and FY2026 earnings at $0.75 EPS.

Several other research analysts also recently issued reports on TU. StockNews.com raised shares of TELUS from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Morgan Stanley assumed coverage on shares of TELUS in a research report on Monday, December 16th. They set an "equal weight" rating on the stock. Finally, National Bank Financial downgraded shares of TELUS from an "outperform" rating to a "sector perform" rating in a report on Friday, December 13th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $26.00.

TELUS Stock Up 1.3 %

TELUS stock traded up $0.20 during mid-day trading on Tuesday, reaching $15.82. 4,147,513 shares of the company's stock were exchanged, compared to its average volume of 2,676,670. The company has a market cap of $23.72 billion, a P/E ratio of 32.28, a P/E/G ratio of 5.18 and a beta of 0.72. TELUS has a twelve month low of $13.24 and a twelve month high of $17.50. The company has a quick ratio of 0.61, a current ratio of 0.68 and a debt-to-equity ratio of 1.52. The company has a fifty day moving average of $14.58 and a 200-day moving average of $15.38.

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TELUS (NYSE:TU - Get Free Report) TSE: T last announced its quarterly earnings data on Thursday, February 13th. The Wireless communications provider reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.02. TELUS had a net margin of 4.85% and a return on equity of 9.07%. The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same period last year, the business earned $0.10 EPS. Sell-side analysts expect that TELUS will post 0.71 EPS for the current year.

Institutional Investors Weigh In On TELUS

Institutional investors have recently bought and sold shares of the stock. Versant Capital Management Inc grew its holdings in TELUS by 195,100.0% in the fourth quarter. Versant Capital Management Inc now owns 1,952 shares of the Wireless communications provider's stock valued at $26,000 after purchasing an additional 1,951 shares during the period. Avior Wealth Management LLC grew its stake in TELUS by 1,756.0% during the fourth quarter. Avior Wealth Management LLC now owns 4,807 shares of the Wireless communications provider's stock worth $65,000 after buying an additional 4,548 shares during the period. Optiver Holding B.V. purchased a new stake in TELUS during the fourth quarter worth approximately $120,000. Blueshift Asset Management LLC purchased a new stake in TELUS during the fourth quarter worth approximately $142,000. Finally, Triasima Portfolio Management inc. purchased a new stake in TELUS during the fourth quarter worth approximately $146,000. 49.40% of the stock is currently owned by hedge funds and other institutional investors.

TELUS Company Profile

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications and information technology products and services in Canada. It operates through Technology Solutions and Digitally-Led Customer Experiences segments. The Technology Solutions segment offers a range of telecommunications products and services; network services; healthcare services; mobile technologies equipment; data services, such as internet protocol; television; hosting, managed information technology, and cloud-based services; software, data management, and data analytics-driven smart food-chain and consumer goods technologies; home and business security; healthcare software and technology solutions; and voice and other telecommunications services, as well as mobile and fixed voice and data telecommunications services and products.